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Uncertainty Inside OPEC+ Causes Oil Price Flux
- July 9,2021
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- SUSTG Team
Oil prices continued to see increased volatility as traders attempt to understand how the Saudi-UAE chasm on production might affect supply in the coming months, according to reports.
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Prince Khaled bin Salman Visits Washington for High-Level Talks with Biden Administration; U.S. Talks with Saudi on Oil
- July 7,2021
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- SUSTG Team
Saudi Arabia’s deputy defense minister and former ambassador to the United States Prince Khaled bin Salman on Tuesday became the highest-ranking Saudi envoy to visit Washington since Joe Biden became president in January, Reuters reports. The prince represented the Kingdom in talks with senior Biden officials on the Yemen war and threats from Iran.
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Saudi Prince Khaled bin Salman Visits Washington, Meets with Top Biden Officials; U.S., Saudi Speak on Oil
- July 7,2021
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- SUSTG Team
Saudi Arabia’s deputy defense minister and former ambassador to the United States Prince Khaled bin Salman on Tuesday became the highest-ranking Saudi envoy to visit Washington since Joe Biden became president in January, Reuters reports. The prince represented the Kingdom in talks with senior Biden officials on the Yemen war and threats from Iran. Prince Khaled met […]
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Saudi Arabia to Invest Over $133 Billion in Transportation Sector as Details of New Plan Emerge
- July 6,2021
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- SUSTG Team
New details are emerging regarding Saudi Arabia’s new plans to turbocharge growth in the Kingdom’s transportation sector and place it in more direct competition with the UAE as a hub connecting east and west, according to comments from the Kingdom’s transportation minister this week. Saudi Arabia will invest over 500 billion riyals ($133.34 billion) in airports, […]
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May Economic Figures Show Positive Direction for Saudi Economy in Post-Pandemic Recovery
- July 2,2021
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- SUSTG Team
A number of non-oil indicators for the Saudi economy improved in May, including the non-oil PMI, which continued rising to 56.4 as activity and new orders grew, according to a recently-released Chartbook by Jadwa Investment for the month of May.
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Saudi Arabia’s Stock Market Has Best First Half in 16 Years – Report
- July 1,2021
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- SUSTG Team
Saudi stocks wrapped up the best first half in 16 years, after rallying 26% in 2021 so far, Bloomberg reports. According to Bloomberg, the jump so far in 2021 comes on the back of increasingly higher oil prices and government projects, including a program which aims to release $1.3 trillion of private sector investment.
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Crown Prince Mohammed bin Salman Launches New Transportation and Logistics Strategy
- June 30,2021
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman on Tuesday launched a new strategy that aims to make the kingdom a global logistics hub and boost the sector’s contribution to non-oil revenues, according to reports. The plans include an “ambitious package of mega-projects” and focuses on aviation, rail, and maritime shipping and logistics, according to the SPA.
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Kingdom’s Net Foreign Assets Fall Again, but Higher Oil Prices Should Lift Reserves in Coming Months
- June 29,2021
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- SUSTG Team
Saudi Arabia’s net foreign assets fell again in May by 0.8% after reaching a 10-year low last month, according to reports, but higher oil prices should boost government figures in the coming months as the Kingdom ramps up production to meet demand.
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83% of SMEs in Saudi Arabia Optimistic About Future Growth, New Mastercard Middle East Study Finds
- June 28,2021
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- SUSTG Team
83% of small and medium enterprises (SMEs) in Saudi Arabia are optimistic about the next 12 months, according to the latest research by Mastercard in a new report released by the company.
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Saudi Screening of Hajj Applicants Enters Second Stage as 560k Apply for Only 60k Spots
- June 25,2021
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- SUSTG Team
The second stage of the selection process for 60,000 places available at the Hajj pilgrimage in 2021 began on Friday, The National reports, with applications being sorted according to health status.
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MUST-READS
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Anti-ISIS Campaign: SyriaIslamic State conflict: Syrian Kurds move on Tal Abyad
Kurdish fighters are reported to be moving in on the north-east Syrian town of Tal Abyad, which is held by Islamic State (IS) militants.
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Women in Saudi Arabia: Travel RestrictionsUnrestricted movement ‘would enable Saudi women to contribute to growth’
Several Saudi women here have welcomed the news that the Passport Department plans to draft regulations that would allow women to travel without permission from their mahrams.
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AfghanistanAfghan troops advance on Taliban in isolated mountain district
Afghan government forces are advancing on a remote mountain region that was overrun by the Taliban last week, but they have yet to retake the district center, a spokesman said Wednesday.
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U.S. - PakistanHouse rejects imposing stricter limits on Pakistan aid
The bill contains a provision that no funds can be provided to Pakistan unless the State and Defense Departments certify it is cooperating with the U.S. in counterterrorism efforts; not supporting terrorist activities against the U.S. or coalition forces in Afghanistan; dismantling improvised explosive devices; preventing the proliferation of nuclear weapons; issuing visas in a "timely manner" for U.S. visitors; and working with humanitarian organizations to assist Pakistani civilians.
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Raif BadawiSaudi Supreme Court upholds verdict against liberal blogger
The Supreme Court's decision to uphold the sentence of Raif Badawi, a 31-year-old father of three who was lashed in January in a public square, is final and cannot be overturned without a royal pardon.
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SyriaHow Islamic State Victories Shape the Syrian Civil War
The Islamic State has fought long and hard to prevent the loss of northern Raqaa to Syrian rebel and Kurdish forces. However, the group has realized that fighting these forces over open terrain when they are backed by heavy coalition air support is unsustainable in the long run. Having learned its lesson from the battle for Kobani that stubbornness in pursuit of a failing strategy results in losses, the Islamic State has begun focusing its efforts on the portions of Syria that the U.S.-led coalition will not cover with air support.
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Anti-ISIS Campaign: IraqKobani’s Lesson for Ramadi: Victory Against ISIS Won’t End Bloodshed
“This is a years-long fight that is going to require focus. It’s going to require patience, both tactical and strategic, and it’s going to require the Iraqi government to unify around this threat,” he said, adding a sober assessment of the situation on the ground. “Every day the enemy has in Ramadi is another day for the enemy to harden and to develop their defenses.”
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U.S. - Saudi: Educational PartnershipO.C. college district facing criticism over deal in Saudi Arabia
After years of competing with other college districts in Orange County for donor money, the Rancho Santiago Community College District thought it had struck upon a winning idea.
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Al-Qaeda in SyriaAl Nusrah Front and allies claim victory at Al Mastoumah, Idlib
The Al Nusrah Front, al Qaeda’s official branch in Syria, and its allies in the Jaysh al Fateh coalition are claiming to have completely overrun the Assad regime’s forces at the Al Mastoumah military camp in Idlib. The camp was one of the last remaining regime strongholds in the northwestern province.
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War in YemenYemen conflict: Saudi-led air strikes resume as truce ends
A Saudi-led coalition has resumed air strikes against Houthi rebels in Yemen after a five-day ceasefire ended, Yemeni officials and witnesses say.
- CSM - Rebel supporters protest Saudi-led airstrikes in Yemen after truce ended (+video)
- The Star - Canada urged to press Saudi Arabia on alleged cluster bomb use in Yemen
- Reuters - Saudi-led air strikes hit Yemen's capital Sanaa: residents
- Saudi Embassy - Saudi-led Coalition Confirms Commitment to Humanitarian Truce in Yemen
- Washington Post - Bombing and clashes resume as Yemen heads for ‘catastrophe’
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